HNI Lowers Q3 Office Furniture Projections, Now at 7-10% Growth

MUSCATINE, IA -- While still projecting a profit, softer than expected demand in office furniture has forced HNI Corp. to lower its projections for the third quarter 2012. The corporation revised its rate from 11-14% down to 7-10% growth over the prior year's figures.

The company said the hot weather this summer also adversely affected its production ramp up efficiencies. The second largest office furniture producer in the world, HNI brands include: HON, Allsteel, Gunlocke, Paoli, Lamex, Maxon, HBF, Ergo, LSI, Midwest Folding and Artco-Bell.

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Karen M. Koenig

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at karen.koenig@woodworkingnetwork.com